| Yesterday 07:40 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
This kind of question is damn ****ing stupid. Big 4 will raise salaries to match magic circle when SG economy is the same as the UK. Short answer and oversimplification.
|
Stupid is u falling for an obvious low effort troll post
|
| Yesterday 04:12 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Well - businesses, law firms and even the financial presses' HQs are all moving from Hong Kong to Singapore, so this should have a significant impact on our economy
|
APAC/SEA HQs*
|
| Yesterday 04:11 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
This kind of question is damn ****ing stupid. Big 4 will raise salaries to match magic circle when SG economy is the same as the UK. Short answer and oversimplification.
|
Well - businesses, law firms and even the financial presses' HQs are all moving from Hong Kong to Singapore, so this should have a significant impact on our economy
|
| Yesterday 11:46 AM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Freshfields NQ £150k now
When Big4 increase NQ to 150k SGD?
|
This kind of question is damn ****ing stupid. Big 4 will raise salaries to match magic circle when SG economy is the same as the UK. Short answer and oversimplification.
|
| Yesterday 04:42 AM |
| Unregistered |
Singapore battles to revive struggling stock market: ft.com/content/656b387e-a21e-4200-9fb6-8e9474408412
Thoughts?
|
| 06-05-2024 08:34 PM |
| Unregistered |
Freshfields NQ £150k now
When Big4 increase NQ to 150k SGD?
|
| 04-05-2024 01:16 AM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Thoughts on Shook Lin & Bok ransomware attack?
|
Tiagong several other law firms also got hit... but Shook Lin's one just the most jialat.
|
| 03-05-2024 09:38 PM |
| Unregistered |
Thoughts on Shook Lin & Bok ransomware attack?
|
| 03-05-2024 03:05 AM |
| Unregistered |
Quote:
Originally Posted by Unregistered
I guess its "easier" to make partner in a local firm because you don't have to compete with your foreign counterparts? Since the OP was asking about disputes, being in a local firm means you practice litigation, which is a protected area in which foreign lawyers cant practice in. Would that make it easier to "build a book" as compared to doing arbi in an intl firm?
|
I suppose one thing to clarify here is that making “partner” in a local firm is quite different from that in international firms. Junior partners in local firms (especially those who are freshly minted) are more akin to counsel level folks in international firms - probably in skill, and responsibility.
You’re right in that Singapore litigation is a protected practice area. Barriers to competition do make it easier for local practitioners to practice their craft, but bear in mind that Singapore is a ****ing small market. International firms can target international clients. Granted that a bigger pond doesn’t necessarily mean easier pickings (vice versa), so I’m not sure whether book building in a Singapore focused litigation practice is a lot easier. Also bear in mind that some international firms have Singapore qualified arms (I’m looking at you CC and BM…), so competition can get fierce.
|
| 02-05-2024 11:05 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
This one is a ****ing myth la. There is no glass ceiling in international firms - not at least by virtue of race.
In Big4, it is no longer the case that if you stay long enough, partnership is a given. Nowadays the partnership ranks are so saturated that it takes more than long service to make it to partner (think about it, 30+ years as a partner vs 7+ years as an associate - long-service promotion is unsustainable unless the Singapore economy grows exponentially every year). You need something more to set yourself apart. This means that the associate has to have a strong network, potential for a book of business, or angkat one or more partners' balls. If international firms have a limited number of "slots" for Asia-based partners (if there even is such an arbitrary concept), then Singapore law firms will probably similarly have a limited number of "slots" for Singapore-based partners.
I've seen many many competent lawyers get passed up for promotion in my years at big4. It's a microcosm of the Singapore economy, really. Last time, middle class folks could afford a car and a house. This was during the economic boom. Now that the economy is plateauing, middle class folks can't afford ****. Same as big4 - last time, mediocre lawyers who lasted the distance could make it to "partner", and now it's way harder to do so.
In any event, law firm business models are all the ****ing same - that includes Singapore law firms. Barring racism, why should the promotion criteria of international firms vs Singapore firms be any different?
|
I guess its "easier" to make partner in a local firm because you don't have to compete with your foreign counterparts? Since the OP was asking about disputes, being in a local firm means you practice litigation, which is a protected area in which foreign lawyers cant practice in. Would that make it easier to "build a book" as compared to doing arbi in an intl firm?
|
Topic Review (Newest First)
